Aviat Networks ( (AVNW) ) has released its Q1 earnings. Here is a breakdown of the information Aviat Networks presented to its investors.
Aviat Networks, Inc. is a leading provider of wireless transport and access solutions, known for its expertise in delivering high-performance products and support services globally across various sectors including government and defense. In its fiscal 2025 first quarter, Aviat Networks achieved a total revenue of $88.4 million, marking a 1.7% increase year-over-year. Noteworthy developments during this period include the acquisition of 4RF and the launch of their new Aprisa 5G cellular router in North America. Despite these achievements, the company reported a non-GAAP net loss of $11.1 million and an adjusted EBITDA of negative $7.7 million, reflecting challenges in revenue mix and increased operating expenses. The company’s gross margin saw a significant decline, and an increase in operating expenses was noted, primarily due to recent acquisitions. However, international revenue displayed strong growth, attributed to the Pasolink acquisition. Looking forward, Aviat Networks has set a fiscal 2025 revenue target between $430 and $470 million, with expectations for adjusted EBITDA to range from $30 to $40 million, indicating a strategic focus on overcoming present challenges and leveraging recent acquisitions for growth.
